HBAR saw significant volatility during the 24-hour period ending October 14, swinging nearly 9% as traders navigated the sharp market swings.
The token fell from $0.19 to a low near $0.18 before mounting a late rally that lifted prices back to the $0.18 zone. The most decisive reversal came in the last hour of trading, where HBAR rallied 1% from support, driven by an increase in volume that surpassed 6.3 million trades.
The sharp pick-up in activity between 13:37 UTC and 13:46 UTC suggested strong accumulation as investors stepped in at discounted levels. The chart data indicated a clear double bottom formation within the $0.18 range, a technical signal often associated with bullish reversals.
The breakout that followed broke through short-term resistance levels, hinting at renewed momentum and a possible continuation towards higher price objectives.
Despite broader market turbulence driven by ongoing geopolitical and trade tensions, HBAR demonstrated resilience.
The rally underscores persistent institutional interest in blockchain assets, even as traditional markets experience increased volatility. With buying pressure intensifying and technical indicators showing signs of recovery, HBAR’s recent price action suggests the token may be positioning itself for additional near-term gains.
Technical indicators highlight market dynamics
- HBAR formed resistance near $0.20-$0.20 levels before turning into a sustained downtrend.
- The high volume of 174.69 million during 06:00 hours on October 14 validated the bearish momentum.
- The double bottom formation emerged around $0.18-$0.18 support levels.
- The volume increase exceeded 6.30 million during the period from 13:37 to 13:46, indicating buying interest.
- The overall range of $0.02 represents a substantial swing of 9%, highlighting higher volatility.
- Critical support was established in a range of $0.18-$0.18 which determines the short-term directional bias.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
